Professional Documents
Culture Documents
Guarantee Corporation
Every
Types of ECGC
Standard
Policies
Specific policies
Special Schemes
Financial guarantees
Standard Policies
Four
types
Risk covered
Commercial Risk
Insolvency
of the buyer
Buyers protracted default to pay
for goods accepted by him
Buyers failure to protect goods
subject to certain conditions
Political risks
Restrictions
on remittances by the
government in the buyers country
Govt action which may delay or block
payments to the exporter
War revolution or civil disturbances in the
buyers country
Cancellation of export license or cancellation
of valid import license in buyers country
Payment of additional handling, transport or
insurance charges occasioned by
interruption of voyage and cannot be
recovered from buyer
Jayashree RVS IMSR
disputes raised by
the buyer
Causes inherent in the nature of
the goods
Insolvency or default of any
agent of the exporter or
collecting bank
Loss or damage to goods which
can be covered by commercial
insurers
Jayashree RVS IMSR
Specific Policy
Contracts
Special policies
Construction
works policy
Policy for consignment exports
Services policy
Manufacturers credit insurance
policies
Exporters credit insurance policy
Market development policies
Financial guarantees
Packing
credit guarantee
Post shipment export credit
guarantee
Export finance guarantee
Export production finance
guarantee
Export performance guarantee
Transfer guarantee
Jayashree RVS IMSR
Ministry
India
RESOURCES
1.Export Management Khurana
2.http://en.wikipedia.org/wiki/Expor
t_Credit_Guarantee_Corporation_
of_India